GAMMA Investing LLC Grows Position in Himax Technologies, Inc. (NASDAQ:HIMX)

GAMMA Investing LLC grew its holdings in Himax Technologies, Inc. (NASDAQ:HIMX) by 788.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,463 shares of the semiconductor company’s stock after acquiring an additional 81,173 shares during the period. GAMMA Investing LLC owned about 0.05% of Himax Technologies worth $6,720,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HIMX. Rhumbline Advisers raised its position in shares of Himax Technologies by 19.7% in the fourth quarter. Rhumbline Advisers now owns 47,516 shares of the semiconductor company’s stock valued at $382,000 after buying an additional 7,815 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Himax Technologies in the fourth quarter valued at approximately $167,000. SBI Securities Co. Ltd. purchased a new position in shares of Himax Technologies in the fourth quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $106,000. Finally, E Fund Management Co. Ltd. acquired a new stake in Himax Technologies in the fourth quarter valued at approximately $455,000. 69.81% of the stock is owned by hedge funds and other institutional investors.

Himax Technologies Stock Performance

NASDAQ:HIMX opened at $8.83 on Tuesday. Himax Technologies, Inc. has a twelve month low of $5.12 and a twelve month high of $13.91. The company has a current ratio of 1.65, a quick ratio of 1.43 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $7.45 and a 200-day moving average of $8.17. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 19.62 and a beta of 2.16.

Himax Technologies (NASDAQ:HIMX) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $215.13 million for the quarter, compared to the consensus estimate of $207.10 million. Himax Technologies had a return on equity of 9.09% and a net margin of 8.80%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.07 earnings per share.

Himax Technologies Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Friday, July 11th. Stockholders of record on Monday, June 30th will be given a dividend of $0.29 per share. This represents a dividend yield of 3.7%. The ex-dividend date is Monday, June 30th. Himax Technologies’s dividend payout ratio is 148.98%.

Wall Street Analysts Forecast Growth

HIMX has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Himax Technologies from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley began coverage on shares of Himax Technologies in a report on Friday, May 9th. They issued an “overweight” rating and a $8.80 target price on the stock.

Himax Technologies Company Profile

Himax Technologies, Inc, a fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, and the United States. The company operates in two segments, Driver IC and Non-Driver Products. It offers display driver integrated circuits (ICs) and timing controllers that are used in televisions, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, and other products.